oshcomau
Back out inflation, currency and materials and volumes are flat.
What I expect to see is margins softening because the underlying volumes will be down.
This will make it tough to drive efficiencies through factories.
Also the A$ has dropped in the last quarter so they will need to go out with more price increases or accept the cost increase and absorb into their margins.
Packaging is an exciting game, you need to be agile and I think PACT has lost that agility when it went Public!
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